Phoenix Financial Ltd. Has $7.70 Million Holdings in Capital One Financial Corporation (NYSE:COF)

Key Points

• Phoenix Financial Ltd. increased its stake in Capital One Financial Corporation by 13.0%, acquiring a total of 42,914 shares valued at approximately $7.7 million.
• Capital One reported a significant earnings per share (EPS) of $5.48 for the latest quarter, exceeding estimates by $3.55 despite revenue slightly below expectations.
• Analysts remain optimistic, with several firms raising their price targets for Capital One's stock, projecting its average target to be around $230.40, indicating potential for continued growth.

Phoenix Financial Ltd. raised its stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 13.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,914 shares of the financial services provider's stock after purchasing an additional 4,931 shares during the period. Phoenix Financial Ltd.'s holdings in Capital One Financial were worth $7,695,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Beacon Capital Management LLC grew its holdings in Capital One Financial by 118.3% during the first quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 97 shares during the last quarter. Murphy & Mullick Capital Management Corp bought a new position in shares of Capital One Financial during the fourth quarter valued at $41,000. Bogart Wealth LLC lifted its holdings in shares of Capital One Financial by 1,518.8% during the first quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider's stock valued at $46,000 after acquiring an additional 243 shares during the period. Rossby Financial LCC bought a new position in shares of Capital One Financial during the first quarter valued at $48,000. Finally, Bernard Wealth Management Corp. bought a new position in shares of Capital One Financial during the first quarter valued at $54,000. Institutional investors and hedge funds own 89.84% of the company's stock.

Capital One Financial Stock Performance

Capital One Financial stock traded up $0.06 during mid-day trading on Tuesday, hitting $214.24. 1,671,575 shares of the company's stock traded hands, compared to its average volume of 4,537,411. The firm has a 50 day simple moving average of $205.00 and a two-hundred day simple moving average of $191.90. Capital One Financial Corporation has a fifty-two week low of $128.23 and a fifty-two week high of $232.45. The stock has a market cap of $82.08 billion, a price-to-earnings ratio of 109.85, a P/E/G ratio of 0.85 and a beta of 1.15. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, topping the consensus estimate of $1.93 by $3.55. The firm had revenue of $12.49 billion for the quarter, compared to the consensus estimate of $12.72 billion. The firm's quarterly revenue was up 31.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.14 EPS. On average, research analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.12%. Capital One Financial's payout ratio is 123.08%.

Insiders Place Their Bets

In related news, Director Ann F. Hackett sold 1,658 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $198.70, for a total value of $329,444.60. Following the transaction, the director owned 56,244 shares in the company, valued at approximately $11,175,682.80. This trade represents a 2.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael Zamsky sold 9,560 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $199.40, for a total value of $1,906,264.00. Following the completion of the transaction, the insider owned 20,089 shares in the company, valued at $4,005,746.60. The trade was a 32.24% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,332 shares of company stock worth $4,540,285 in the last 90 days. Company insiders own 1.26% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on COF shares. Citigroup lifted their price objective on Capital One Financial from $250.00 to $275.00 and gave the company a "buy" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. lifted their price target on Capital One Financial from $245.00 to $248.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Wall Street Zen raised Capital One Financial from a "hold" rating to a "buy" rating in a report on Friday, July 18th. TD Cowen raised Capital One Financial from a "hold" rating to a "buy" rating and lifted their price target for the company from $184.00 to $258.00 in a report on Tuesday, July 8th. Finally, Wells Fargo & Company lifted their price target on Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a report on Friday. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Capital One Financial has a consensus rating of "Moderate Buy" and an average target price of $235.40.

About Capital One Financial

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.